Insights

White Paper: Facing up to Financial Crime

Posted:31 January 2019Author:Huntswood - Insight

“Financial crime concerns every company in the payments industry, because it affects everyone involved in moving money, whether consumers, business or governments …. But while there have been several coordinated attempts to decide what should be done about it, none have been on behalf of the emerging payments sector.”

Tony Craddock, Director General, Emerging Payments Association (EPA)

Huntswood recently partnered with the EPA, Barclays and Refinitiv to produce a comprehensive White Paper on the threats currently faced by the payments sector and how we can tackle them effectively and safely.

Financial crime affects every facet of our society, not just banks and large financial institutions – it funds terrorism, human traffickers and organised criminals – so it is vital that we take every measure available to stamp it out.

Within emerging payments markets, in which Open Banking-enabled and new, data-driven solutions are taking up huge market share, vigilance is even more important.

This paper covers a wide range of subjects, including:

An industry approach to understanding ‘digital identities’

Monitoring and analysing transactions

Addressing the threats in Open Banking

Deploying technology to fight financial crime

Download the paper today – through the EPA’s website – and learn how best to defend your firm and your customers from this rapidly evolving threat.